Talk about selling out. how could they just give away the characters
they created, and worked so long with to Nick? I can understand giving Nick broadcast rights, or rights to make a new series, but this seems like Nick owns the characters 100% now and the original creators have no control over the characters or franchise whatsoever.
If I was in the animation industry, Nickelodeon is not a company I would want to work with. Many of their shows jump the shark to the point where said show is unwatchable. (Ren & Stimpy, Rugrats, Spongebob) Usually because someone gets fired (John K anyone?) Or new writers come in.
Nick's signature is comedy, they don't do action cartoons like CN or (to a lesser extent) Disney XD do.
I'm not the biggest TMNT fan in the world, but I know with Nick involved, this will only mean bad news for the franchise.